1501 N Fairgrounds Rd Midland, TX 79706
- Flex space
- 20,894 SF
- 3.83 lot acres
Current Use by Public Records
- Endura Products Corp / Chemical Plant
- Andrew Bartlett Group | Midland Texas / Contractor
- Dayley Landscape Center / Landscaper
Property Details for 1501 N Fairgrounds Rd
- Year built
- 1978
- Lot size
- 3.83 lot acres
- Property size
- 20,894 SF
- Property type
- Flex space
Description
This exceptional mixed-use property in Midland, Texas, presents a unique investment opportunity. Spanning 20,894 square feet on a 3.83-acre lot, the property features a main building with 13,754 square feet of office space and a 1,440-square-foot shop, both remodeled in 2015. The office area boasts a welcoming reception area, an executive suite complete with a private shower, 22 private offices, multiple restrooms, and an open area suitable for cubicles. Two conference rooms cater to various group sizes, offering flexibility for meetings and training sessions. The shop area includes a parts office, crew space, men's and women's locker rooms, and open storage with an 8-foot garage door. A separate 5,700-square-foot tote facility provides ample outdoor workspace. The property is zoned for commercial use and benefits from convenient access to major roadways, including Business 20, I-20, and Loop 250. Built in 1978, this property offers a blend of established infrastructure and recent renovations, making it ideal for owner-users seeking a versatile and well-equipped space. The asking price is $4,680,000, with a price per square foot of $223.99. The property is currently vacant and operates under a NNN lease type. The property is easily sectioned to meet individual needs.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.0536820213
- Latitude
- 32.019674555725
